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- Location: 79901, British Columbia, United States
Interest rates are dynamic and unpredictable -- at least on a daily or weekly basis -- and they respond to a wide variety of economic factors. Mortgage rates have been increasing consistently since the start of 2022, following in the wake of a series of interest rate hikes by the Federal Reserve. But the Fed's actions, designed to mitigate the high rate of inflation, are having an unmistakable impact on mortgage rates.
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